One of the greatest economic challenges right now is to create more jobs
There is no doubt that Bangladesh is on the road to greater prosperity, and has performed admirably in achieving its economic goals, especially over the last decade -- and this is reflected in our formidable growth numbers.
However, what remains to be seen is whether this growth and prosperity is reflected across the economy, or whether it is a case of the rich getting richer, while unemployed youth languish without the right skills and the attractive prospects.
On that front, the government’s initiative to establish the 100 economic zones for businesses has been among the more prominent and noteworthy steps taken to address the issue of employment, and the recently inaugurated economic zone in Narayanganj, set to create employment for 8,000 locals initially, and expand to 15,000, is certainly a step in the right direction.
One of the greatest economic challenges for Bangladesh right now is to create more jobs -- in order to keep our economic progress flowing, and for that progress to be inclusive of all socio-economic classes. With over 2 million people entering the job market every year, unemployment continues to be a major hurdle for us.
And the onus is on the government and relevant authorities to continue to develop economic and social policies to incentivize job creation across all sectors of the economy.
Our economic growth has sadly, so far, been mostly jobless growth, but it is time this changed, so that Bangladesh can truly be proud of all its achievements, and look optimistically toward realizing all its long-term visions.